Category: Kevin Gallagher

Europe’s economic powerhouses snub US, sign up to China-led ‘world bank’

Al Jazeera America Kevin Gallagher, College of Arts & Sciences France, Germany and Italy on Tuesday joined the U.K. in signing onto the Chinese-led Asian Infrastructure Investment Bank (AIIB), brushing off Washington’s reservations about burgeoning institution and leaving the U.S. on the sidelines of yet another Chinese challenge to the global financial architecture… Expert quote: “If we […]

Saving Obama from a Bad Trade Deal

The American Prospect By Kevin Gallagher, College of Arts & Sciences Plans to rush fast-track authority for two trade deals for a quick House and Senate vote abruptly broke down on Tuesday. The White House was hoping to put the vote to Congress as early as this week… View full article by expert Kevin Gallagher

Andres Oppenheimer: China loans to Latin America causing alarm

Miami Herald Kevin Gallagher, College of Arts & Sciences A new study showing that loans from China’s state-owned banks to Latin America rose by 71 percent last year is drawing alarm bells on both sides of the Pacific… Expert quote: “These are dollar-denominated debts. With commodity prices going down, economic growth going down, and their […]

China Kicks World Bank To The Curb In Latin America

Forbes Kevin Gallagher, College of Arts & Sciences Drive along the long and straight Avenida del Libertadores in Buenos Aires and you’ll see them. Billboards of the world’s biggest bank, the Industrial and Commercial Bank of China , hanging above the traffic… Expert quote: “There is no easy way to measure Chinese bank loans to Latin America.” […]

Report: China loaned $22 billion to Latin America in 2014

Associated Press Kevin Gallagher, College of Arts & Sciences Chinese state-owned banks loaned $22.1 billion to Latin American countries last year, helping to keep afloat struggling economies that have been hit hard by a fall in prices for oil, minerals and other commodities that they export, according to new numbers released Thursday by the U.S. […]

Kevin Gallagher: Emerging Markets and the Reregulation of Cross-Border Finance

Truthout Kevin Gallagher, College of Arts & Sciences Since the revival of global capital markets in the 1960s, cross-border capital flows have increased by orders of magnitude, so much so that international asset positions now outstrip global economic output… View full article and video of expert Kevin Gallagher

China emerges as Latin America’s lender of last resort

Associated Press Kevin Gallagher, College of Arts & Sciences As soon as she landed in Beijing this week, Argentine President Cristina Fernandez de Kirchner began lauding new deals with what she called the world’s “No. 1 economy,” ranging from two proposed nuclear power plants to joint space exploration… Expert quote: “China sees (Latin America) as […]

Diversifying trade challenges China, Latin America: Analysts

China Daily USA Kevin Gallagher, College of Arts & Sciences As China and Latin America vow to increase trade and investment, analysts said diversifying trade will be a challenge… Expert quote: “Commodities are still what Latin America is all about. However, there may be some room to open up that trade a bit more.” View […]